Amar Bose of Bose Corp gives majority of stock to MIT

Amar Bose of Bose Corp gives majority of stock to MIT

Indian-American billionaire Amar Bose, founder of the iconic Bose Corporation, has given his alma mater MIT a majority of the stock of his audio equipment maker company, a gift that fulfills his "long-held desire" to support education at the prestigious institute.

Amar Bose of Bose Corp gives majority of stock to MIT

Expressing gratitude for the gift, MIT President Susan Hockfield, said on Friday: "Amar Bose gives us a great gift today, but he also serves as a superb example for MIT graduates who yearn to cut their own path.